COLUMBUS CITY SCHOOLS

May 2016 Five Year Forecast (FYF) UpdateGeneral Fund and related debt service

– Fiscal Years 2016 – 2020 – Update to October 2015 FYF

Board of Education MeetingMay 3, 2016

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The Five Year Forecast

• Required by 5705.391 of the Ohio Revised

Code

• Adopted by October 31st and updated by

May 31st of each fiscal year.

• Fiscal Year July 1 – June 30

– e.g. FY17 = July 1, 2016 to June 30, 20173

The Process

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The Process

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The Process

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71. Five Year Forecast2. FY17 Annual Appropriations

Public Vetting

Current Data

Program Driven Budget Process

Key Assumptions for FYF

• No New Property Tax Revenue• State Funding Cap Increase = +7.5% for FY18 –

FY20– Encompasses 2 new State budgets yet to be

determined

• Certain Capital Items Pulled Out of Aspirational Non-Personnel Budget For Alternative Funding

• No New Personnel Beyond FY17• Keep FY18 Ending Cash Balance Positive

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FY17-21 Aspirational Non-Personnel Budget Included in FY16-20 FYF Update

• Program Driven• Well-documented• Vetted internally and by FAC• Special Board Meeting March 7th• Basis for FYF (FY16-FY20)• Certain Capital Items Pulled Out

– Identified for possible alternative funding– Greater than $153 million over 5 years

• Mission Critical Capital and Other Non-Personnel Items Retained in FY17 Budget

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Personnel Budget Included in FY16-20 FYF Update

• New FTE (39.5) for FY17 ONLY

• No new staff included in FYF for FY18 – FY20

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Description FTE

Academic Services 9.0

Instructional Assistants 2.5

Special Education 20.0

Early Childhood Education (ECE) 2.0

Custodial 4.0

Transportation 1.0

Human Resources 1.0

Total 39.5

$0

$100

$200

$300

$400

$500

$600

$700

$800

$900

$1,000

Actual

Actual

Actual

Forecasted

Forecasted

Forecasted

Forecasted

Forecasted

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

Millions

All Other SourcesStateProperty Taxes

$902.7

Revenues

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$798.2

0%10%20%30%40%50%60%70%80%90%100%

Actual

Actual

Actual

Forecasted

Forecasted

Forecasted

Forecasted

Forecasted

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

All Other SourcesStateProperty Taxes

Revenues

12

6% All Other Sources

44% State

50% Property Taxes

$0$100$200$300$400$500$600$700$800$900

$1,000Ac

tual

Actual

Actual

Forecasted

Forecasted

Forecasted

Forecasted

Forecasted

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

Millions

All Other Expenditures

Comm Schools, Vouchers,Ed Choice, STEMNon‐Personnel

Personnel

Expenditures

13

$812.4$980.5

0%10%20%30%40%50%60%70%80%90%100%

Actual

Actual

Actual

Forecasted

Forecasted

Forecasted

Forecasted

Forecasted

FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

All Other Expenditures

Comm Schools, Vouchers,Ed Choice, STEMNon‐Personnel

Personnel

Expenditures

14

3% All Other Exp.

21% Comm. Schs., etc.

11% Non-Personnel

65% Personnel

 $‐

 $1,000

 $2,000

 $3,000

 $4,000

 $5,000

 $6,000

 $7,000

 $8,000

 $9,000

 ‐

 5,000

 10,000

 15,000

 20,000

 25,000

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

$ Pe

r Pup

il

Total Pup

ils

Total PupilsPer Pupil

Community Schools – Forecast Trend

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ForecastActual

 $‐

 $1,000

 $2,000

 $3,000

 $4,000

 $5,000

 $6,000

 ‐

 1,000

 2,000

 3,000

 4,000

 5,000

 6,000

 7,0002007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

$ Pe

r Pup

il

Total Pup

ils

Total PupilsPer Pupil

Vouchers – Forecast Trend

16

ForecastActual

0

200

400

600

800

1,000

1,200

Actual

Actual

Actual

Forecasted

Forecasted

Forecasted

Forecasted

ForecastedFY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20

Millions

Total RevenuesTotal Expenditures

Revenues vs. Expenditures

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Ending Cash Balance

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FY13 FY14FY15

FY16

FY17

FY18

FY19

FY20 $(150)

 $(100)

 $(50)

 $‐

 $50

 $100

 $150

 $200

Millions

Ending Cash Balance30‐Days Cash

Next Steps

• May 17th Board agenda for adoption• File with ODE• Finalize FY17 Budget / Appropriations Resolution

– All Other Funds Included– Board adoption in June

Questions / Comments

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